SPECIFIC TERMINATION RIGHTS Clause Samples
The Specific Termination Rights clause defines particular circumstances under which one or both parties may end the agreement before its natural expiration. This clause typically outlines events such as material breach, insolvency, or failure to meet key obligations that trigger the right to terminate, and may specify notice requirements or cure periods. Its core function is to provide a clear, agreed-upon mechanism for ending the contract in response to significant issues, thereby managing risk and ensuring both parties understand their rights and remedies in adverse situations.
SPECIFIC TERMINATION RIGHTS. In addition to the other termination rights provided to it in this Agreement, either party may elect to terminate this Agreement in each of the following circumstances, subject to giving at least thirty (30) days' prior written notice to the other party:
(a) where the Building has been destroyed, or damaged to such an extent that it is not feasible to repair it within a period of one hundred and eighty (180) days after the damage;
(b) where the Deemed Area or the Communications Spaces become damaged and, it is not feasible to restore them within ninety (90) days after the damage;
(c) where the Building is expropriated by a lawful authority;
(d) where the Licensor wishes to redevelop, or otherwise alter the Building in such a manner as to, in the Licensor's sole opinion, make the relocation of any part of the Deemed Area or the Licensee's Equipment not feasible;
(e) the Licensee no longer provides Licensee's Services using the Licensee's Equipment in the Building;
(f) the Licensee is unable to secure, on terms and conditions reasonably satisfactory to it, all necessary consents, approvals, permits and authorizations of any federal, municipal or other governmental authority having jurisdiction over the provisioning of Licensee Services or any other matters required by the Licensee to provide Licensee Services;
(g) the Building is no longer a "Multi-Dwelling Unit Building" as defined by the CRTC, provided however that in such event the Licensor may, at its option, elect to have this Agreement continue, in which case no Fee or Recoverable Costs shall be payable by the Licensee hereunder during such time that the Building is not a Multi-Dwelling Unit Building, but all other terms and provisions hereof shall continue to apply; or
(h) the Licensor, acting bona fide and in good faith, elects to demolish the Building.
SPECIFIC TERMINATION RIGHTS. In addition to the other termination rights provided to it in this Agreement, either party may elect to terminate this Agreement in each of the following circumstances, subject to giving at least thirty (30) days’ prior written notice to the other party:
(a) where the Building has been destroyed, or damaged to such an extent that it is not feasible to repair it within a period of one hundred and eighty (180) days after the damage;
(b) where the Deemed Area or the Communications Spaces become damaged and, it is not feasible to restore them within ninety (90) days after the damage;
(c) where the Building is expropriated by a lawful authority;
(d) where the Licensor wishes to redevelop, or otherwise alter the Building in such a manner as to, in the Licensor’s opinion, make the relocation of any part of the Deemed Area or the Licensee's Equipment not feasible;
(e) the Licensee no longer provides Licensee’s Services in the Building;
(f) the Licensee is unable to secure, on terms and conditions reasonably satisfactory to it, all necessary consents, approvals, permits and authorizations of any federal, municipal or other governmental authority having jurisdiction over the provisioning of Licensee Services or any other matters required by the Licensee to provide Licensee Services;
(g) the Owner, acting bona fide and in good faith, elects to demolish the Building.
SPECIFIC TERMINATION RIGHTS. In addition to the other termination rights provided to it in this Agreement, either party may elect to terminate this Agreement in each of the following circumstances, subject to giving at least thirty
SPECIFIC TERMINATION RIGHTS. Without limiting its rights at law or under this contract, Defence may terminate this contract by notice to the Participant if:
SPECIFIC TERMINATION RIGHTS. In addition to the other termination rights provided to it in this Agreement, either party may elect to terminate this Agreement in each of the following circumstances, subject to giving at least thirty (30) days’ prior written notice to the other party:
(a) where the Building has been destroyed, or damaged to such an extent that it is not feasible to repair it within a period of one hundred and eighty (180) days after the damage;
(b) where the Deemed Area or the Communications Spaces become damaged and, it is not feasible to restore them within ninety (90) days after the damage;
(c) where the Licensor wishes to redevelop, or otherwise alter the Building in such a manner as to, in the Licensor’s sole opinion, make the relocation of any part of the Deemed Area or the Licensee’s Equipment not feasible;
(d) the Licensee is unable to secure, on terms and conditions reasonably satisfactory to it, all necessary consents, approvals, permits and authorizations of any federal, municipal or other government authority having jurisdiction over the provisioning of Licensee Services or any other matters required by the Licensee to provide Licensee Services;
(e) the Licensor, acting bona fide and in good faith, elects to demolish the Building.
SPECIFIC TERMINATION RIGHTS